RMC Switchgears Limited (RMC) announced significant leadership change, setting the stage for a new phase of growth and innovation. The Company is re-designating Mr. Ankit Agrawal from his current role as Whole-time Director and CFO to Whole-time Director and Chief Executive Officer (CEO), effective April 1, 2024. The announcement from RMC Switchgears indicates a pivotal restructuring within its leadership framework to reinforce the Company's trajectory towards accelerated growth over the next 3-5 years.

By introducing Mr. Anand Chaturvedi as the Chief Financial Officer (CFO) and transitioning Mr. Ankit Agrawal to Chief Executive Officer (CEO), RMC Switchgears strategically enhances its management bandwidth. Mr. Agrawal's new position as CEO underscores the Company's commitment to strategic steering and business development, aligning operational endeavors with long-term vision and market opportunities. This leadership overhaul is a testament to RMC's dedication to setting a solid foundation for future expansion and innovation, marking a significant leap towards realizing its ambitious growth objectives.

The company announced the appointment of Mr. Anand Chaturvedi as its new Chief Financial Officer (CFO), effective April 1, 2024. With a formidable blend of qualifications, including MCOM, CA, CS, CMA, and MBA(F), along with a certification in IFRS, Mr. Chaturvedi brings over 30 years of post- qualification expertise in diverse facets of finance and management. His illustrious association with several leading corporates like Grasim Industries, Reliance Communication, IDEA Telecom, Golcha Group, and Rajasthan Patrika, where he has made significant contributions in finance & accounts, taxation, project management, and corporate governance, among others.

His prowess in software integrations with platforms such as SAP & ORACLE complements his comprehensive skill set. Mr. Chaturvedi's expertise in implementing IND AS, enhancing corporate governance, optimizing taxation for new industries, and establishing robust internal controls positions him ideally to steer RMC Switchgears' financial strategy towards sustained growth and profitability.